Citigroup Inc. (NYSE:C) Stake Raised by Greenleaf Trust

Greenleaf Trust boosted its holdings in Citigroup Inc. (NYSE:C) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,921 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Greenleaf Trust’s holdings in Citigroup were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. POM Investment Strategies LLC purchased a new position in Citigroup in the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in Citigroup in the 3rd quarter worth about $28,000. Beacon Capital Management LLC increased its stake in Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Citigroup in the 2nd quarter worth about $31,000. Finally, Triad Wealth Partners LLC purchased a new position in Citigroup in the 2nd quarter worth about $32,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Trading Down 0.2 %

Shares of NYSE C opened at $62.99 on Friday. The stock has a market cap of $120.15 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.74 and a beta of 1.44. The business has a 50 day simple moving average of $61.62 and a 200 day simple moving average of $61.95. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $67.81. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the company earned $1.52 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts predict that Citigroup Inc. will post 5.76 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.56%. Citigroup’s dividend payout ratio (DPR) is currently 62.75%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. Bank of America lifted their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. BMO Capital Markets lifted their target price on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Piper Sandler lifted their target price on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Oppenheimer lowered their target price on Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.